Iraq PM Urges Strategies To Cope With Global Energy Transition

6/16/2023 7:06:10 AM

(MENAFN- Kuwait News Agency (KUNA)) BAGHDAD, June 16 (KUNA) -- Iraqi Prime Minister Mohammad Al-Sudani said on Friday that it is essential to develop strategies as the global landscape is shifting towards alternative energy sources.
The Iraqi prime minister made the remark during a celebration marking the 63rd anniversary of the OPEC's founding conference in Baghdad.
"It is imperative that we prepare and develop strategies now to align with the global energy transition towards alternative sources," he said.
Oil remains a crucial global energy source, playing a significant role in politics, economies, development, and the environment, the Iraqi prime minister pointed out.
For his part, Oil Minister Hayyan Abdul Ghani revealed that a memorandum declaring the establishment of the OPEC would be signed in Baghdad later today on the occasion of the 63rd anniversary.
He added that the move would reflect international coordination and cooperation to maintain hydrocarbon sources and reiterate the historically right track. (end)
ahh.mt

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